Great Elm Capital Corp 6.75 % Notes Stock Forecast

Stronger technical forecast for Great Elm Capital Corp 6.75 % Notes stock price after Thursday trading.
(Updated on May 02, 2024)

GECCM Signals & Forecast

The Great Elm Capital Corp 6.75 % Notes stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $25.06 and $25.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 0.96%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, April 26, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, January 30, 2024.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Great Elm Capital Corp 6.75 % Notes stock

Great Elm Capital Corp 6.75 % Notes finds support from accumulated volume at $25.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.127 between high and low, or 0.507%. For the last week the stock has had daily average volatility of 0.542%

Our recommended stop-loss: $23.27 (-7.49%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (GECCM) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Great Elm Capital Corp 6.75 % Notes 2018-31.01.25 to open at $25.16, and during the day (based on 14 day Average True Range), to move between $25.02 and $25.28, which gives a possible trading interval of +/-$0.127 (+/-0.51%) up or down from last closing price. If Great Elm Capital Corp 6.75 % Notes 2018-31.01.25 takes out the full calculated possible swing range there will be an estimated 1.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $25.10 (0.20%) than the resistance at $25.25 (0.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Great Elm Capital Corp 6.75 % Notes 2018-31.01.25 stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Great Elm Capital Corp 6.75 % Notes stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.375 Buy Candidate Upgraded

Predicted Opening Price for Great Elm Capital Corp 6.75 % Notes 2018-31.01.25 of Friday, May 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.